Top 150+ Solved Business Laws MCQ Questions Answer
Q. On the acceptance of an offer by a offeree
a. Only the acceptor becomes bound by accepting the offer
b. Only the offeror becomes bound as his terms are accepted
c. Both the acceptor and offeree becomes bound by the contract
d. None of these
Q. A, by a letter dated 25th December 1998, offers to sell his house to B for Rs.10 lakhs. The letter reaches on 27th Dec.1998, who posts his acceptance on 28th Dec. 1998 which reaches A on 30th Dec.1998. Here the communication of offer is completed on;
a. 25th Dec.1998
b. 27th Dec.1998
c. 28th De1998
d. 30th Dec.1998
Q. In the above question, the communication of acceptance is complete against A on 28thDec.1998 and against B on;
a. 25th Dec.1998
b. 27th Dec.1998
c. 28th De1998
d. 30th Dec.1998
Q. As a general rule, an agreement made without consideration is;
a. Void
b. Voidable
c. Valid
d. Unlawful
Q. A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A’s consent wasobtained by coercion. Here, the agreement is;
a. Void
b. Valid
c. Voidable
d. Unlawful
Q. An agreement made with free consent to which the consideration is lawful butinadequate is;
a. Void
b. Valid
c. Voidable
d. Unlawful
Q. Which of the following persons are not competent to contract?
a. Minors
b. Persons of unsound mind
c. Persons disqualified by law
d. All of these
Q. For entering into a contract, a minor is a person who has not completed the age of;
a. 16 years
b. 18 years
c. 20 years
d. 21 years
Q. A contract with the minor, which is beneficial for him, is;
a. Void ab initio
b. Voidable
c. Valid
d. Illegal
Q. Which of the following persons do not fall under the category of persons of unsoundmind?
a. Idiot
b. Lunatics
c. Drunken
d. Alien
Q. Which of the following elements does not affect the free consent of the parties.
a. Coercion
b. Fraud
c. Incompetency
d. Undue influence
Q. When the consent of a party is obtained by coercion undue influence, fraud ormisrepresentation, the contract is;
a. Void
b. Voidable
c. Valid
d. Illegal
Q. A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. HereB’s consent is obtained by
a. A undue influence
b. Fraud
c. Coercion
d. None of these
Q. When the consent to an agreement is obtained by coercion, the agreement is voidableat the option of
a. Either party to the agreement
b. A party whose consent was so obtained
c. A party who obtained the consent
d. None of these
Q. When one party is in a position to dominate the will of another and uses his superiorposition to obtain the consent of a weaker party, the consent is said to be obtained by;
a. Coercion
b. Undue influence
c. Fraud
d. Misrepresentation